https://www.taxtmi.com/caselaws?id=392372 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, against a Private Limited Company for unpaid salaries of teaching staff. The Corporate Debtor failed to pay the salaries despite legal notices, leading to an ex-parte proceeding. An Interim Resolution Professional was appointed, and Operational Creditors were directed to deposit funds. The Tribunal imposed a moratorium and confirmed jurisdiction based on the Corporate Debtor's location. The debt was deemed not time-barred, and the order for admission was communicated to all relevant parties for compliance. en-us Mon, 18 Nov 2019 00:00:00 +0530 Wed, 19 Feb 2020 11:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392372 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, against a Private Limited Company for unpaid salaries of teaching staff. The Corporate Debtor failed to pay the salaries despite legal notices, leading to an ex-parte proceeding. An Interim Resolution Professional was appointed, and Operational Creditors were directed to deposit funds. The Tribunal imposed a moratorium and confirmed jurisdiction based on the Corporate Debtor's location. The debt was deemed not time-barred, and the order for admission was communicated to all relevant parties for compliance. Case-Laws Insolvency and Bankruptcy Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392372